A rich, VERY rich guy who is about to make a lot more money based on the failure of the mortgage market and the misery of others.

lol.

Rich in this case means extremely good at market speculation. Don't hate the man for making money because he's smart and willing to take risks. Its not his fault banks gave a ton of loans to people who should have never received one.

And hes not about to get richer off poor people. If you read the article, you will see he is now banking on the upswing.

Maybe you should buy some Berkshire and let rich people make you rich : )